2023 BWP to HNL Historical Review

YEARLY HIGH

1.9475 HNL

YEARLY LOW

1.7806 HNL

YEARLY AVERAGE

1.8476 HNL

2023 BWP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 1.9475. Conversely, the yearly low was recorded on October 9, dropping to 1.7806.

This high-to-low spread represents a total annual volatility of 0.1669 HNL. From a start-to-finish perspective, comparing the January average rate of 1.9310 to the December average rate of 1.8299, the exchange rate registered a net change of -5.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9475 was down 9.24% compared to the 2022 peak of 2.1457, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BWP based on timing:

Yearly Peak High 9,737 HNL

2022 Average 9,970 HNL

Yearly Trough Low 8,903 HNL

Transaction Impact: A difference of 834.59 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9442

1.7851

JanuMarcMayJulySeptNove

BWP to HNL Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.8695, compared to 1.8257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0438 points.

H1 Avg (Jan–Jun) 1.8695

H2 Avg (Jul–Dec) 1.8257

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0915 HNL (High: 1.8763 / Low: 1.7847). On the other end, September was the most stable month, with a tight range of 0.0264 HNL (High: 1.8240 / Low: 1.7977).

May Spread (Volatile) ±0.0915

September Spread (Stable) ±0.0264

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0466 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0466

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.9310) against the same month in 2022 (average: 2.1121), the exchange rate shifted by -0.1812 (-8.58%).

2023 Avg (January) 1.9310

2022 Avg (January) 2.1121

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9475	1.9126	1.9310
February	1.9406	1.8506	1.8844
March	1.8955	1.8399	1.8634
April	1.8955	1.8582	1.8733
May	1.8763	1.7847	1.8287
June	1.8662	1.7823	1.8361
July	1.8960	1.8142	1.8605
August	1.8634	1.8062	1.8245
September	1.8240	1.7977	1.8153
October	1.8149	1.7806	1.7984
November	1.8453	1.8113	1.8256
December	1.8507	1.8033	1.8299